The Chartered Institute of Management Accountants of England and Wales has defined the terms budget and budgetary control as follows: Budget: “A financial and/or quantitative statement prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It may include income, expenditure and employment of capital.” Budgetary Control: “Budgetary control is the establishment of budgets relating to the responsibilities of executives of a policy and the continuous comparison of the actual with the budgeted results, either to secure by the individual action the objective of the policy or to provide a basis for its revision.” The salient features of such a system are the following: (i)                            Determining the objectives to be achieved, over the budget period, and the policy or policies that might be adopted for the achievement of these ends. (ii)                         Determining the variety of activities that should be undertaken for the achievement of the objectives. (iii)                       Drawing up a plan or a scheme of operation in respect of each class of activity, in physical as well as monetary terms for the full budget period and its parts. (iv)                       Laying out a system of comparison of actual performance by each person, section or department with the relevant budget and determination of causes for the discrepancies, if any. (v)                          Ensuring that corrective action will be taken where the plan is not being achieved and, if that be not possible, for the revision of the plan. Tutors Kingdom provides the assignment and homework help related to Budget and Budgetary Controls round the clock by our tutors which have specialization in the field of accounts. The tutors at Tutors Kingdom helps student with difficulties that are faced in the problems of Budget and Budgetary Controls.  The assignment help or the homework help at Tutors Kingdom is not only cost effective but it also promises to resolve your problem within the due time, may it be in hours or in few days. You can submit the homework and all the doubts will get cleared. The Tutors Kingdom is the only place where you will get homework help and it also comes up with affordable pricing schemes time and again.